4 July 2014
Export and Import Price Indices of
Industrial Products. Base 2010
May 2014. Provisional data
The annual variation rate of the IPRIX stands at –1.9%, nine tenths
above that registered in April
The annual rate of the IPRIM is –1.5%, nine tenths over that
registered in the previous month
Annual evolution of export prices
The annual rate of the Export Price Index (IPRIX) for the month of May was –1.9%, nine
tenths above that registered in April.
Annual evolution of the IPRIX
General Index
3.0
2.0
1.0
0.5
0.4
0.0
-1.0
-0.6
-2.0
-1.5
-2.1
-3.0
-2.5 -2.4 -2.6 -2.7
-4.0
-1.9
-2.7
-3.0 -2.9
-2.8
-3.5
-5.0
-3.7
-4.4
May
April
March
February
2014 January
December
November
October
September
August
July
June
May
April
March
February
2013 January
-6.0
IPRIX-IPRIM - MAY 2014 (1/13)
By economic destination of the goods, all the industrial sectors contributed to the increase
registered in the annual rate of the IPRIX. Among them, worth noting:
 Energy, which registered an annual variation of –4.7%, more than 10 points over that
registered in April. This behaviour was mainly due to the increase in the prices of Electric
power generation, transmission and distribution registered this month, as compared with the
decrease registered in May 2013.
 Intermediate goods, which increased six tenths, reaching –2.1%. Worth noting in this
behaviour was the increase in the prices of Manufacture of basic iron and steel and of ferroalloys and Manufacture of basic precious and other non-ferrous metals.
 Capital goods, which presented a rate of –1.4%, one tenth over that registered in the
previous month. This variation was mainly due to the increase in the prices of Manufacture of
motor vehicles, as compared with the stability registered in the same month of the previous
year.
Contribution of the industrial sectors to the annual rate of the IPRIX
Durable consumer goods
Non-durable consumer goods
Capital goods
Intemediate goods
0.003
0.024
0.068
0.227
Energy
DIFFERENCE OF THE ANNUAL RATE OF THE GENERAL IPRIX
0.583
0.9
IPRIX-IPRIM – MAY 2014 (2/13)
Monthly evolution of export prices
In May 2014, the Export Price Index registered a 0.6% monthly variation, as compared with
the previous month.
Monthly evolution of the IPRIX
General index
0.8
0.6
0.6
0.4
0.2
0.1
0.2
0.0
0.0
0.0
0.0
0.0
0.0
-0.2
-0.4
-0.2
-0.3 -0.3
-0.3
-0.4
-0.6
-0.8
-0.7
-0.8 -0.8
-0.9
May
April
March
February
2014 January
December
November
October
September
August
July
June
May
April
March
February
2013 January
-1.0
By economic destination of the goods, among the industrial sectors registering a positive
effect on the monthly general index, it is worth noting:
 Energy, which registered a rate of 8.2%. This behaviour was mainly due to the increase in
the prices of Electric power generation, transmission and distribution. Its contribution to the
general index was 0.398.
 Intermediate Goods, which registered a monthly rate of 0.3% and a contribution of 0.126.
Worth noting in this behaviour was the increase in the prices of Manufacture of basic
precious and other non-ferrous metals and Manufacture of basic iron and steel and of ferroalloys.
 Capital goods, whose monthly rate stood at 0.1%, due to the increase in the prices of
Manufacture of motor vehicles. Its effect on the IPRIX was 0.039.
IPRIX-IPRIM – MAY 2014 (3/13)
A more detailed analysis showed the activities that most affected the monthly rate of the
IPRIX in the month of May.
Activities with the greatest positive contribution to the monthly rate of the
IPRIX
Activity (CNAE-09)
Electric power generation, transmission and distribution
Manufacture of basic precious and other non-ferrous
metals in primary forms
Manufacture of basic iron and steel and of ferro-alloys
Manufacture of motor vehicles
Manufacture of refined petroleum products
Monthly
variation (%)
34.9
Contribution
0.363
2.3
1.3
0.3
0.9
0.070
0.050
0.047
0.035
Activities with the greatest negative contribution to the monthly rate of the
IPRIX
Activity (CNAE-09)
Manufacture of electronic components and boards
Manufacture of vegetable and animal oils and fats
Manufacture of basic chemicals, fertilisers and nitrogen
compounds, plastics and synthetic rubber in primary
forms
Monthly
variation (%)
–7.1
–1.3
–0.1
Contribution
–0.022
–0.016
–0.009
IPRIX-IPRIM – MAY 2014 (4/13)
Annual evolution of industrial prices of domestic and international markets in
aggregate
In May, the Industrial Price Index of the domestic and international markets, obtained from
the addition of IPRI and IPRIX, registered an annual rate of –0.8%, the same as that
registered in April.
Annual evolution of the IPRI+IPRIX, IPRIX and IPRI
General index
4.0
3.0
2.7
2.1
2.2
2.0
1.7
1.0
0.5
1.3
1.2
0.3
0.3
0.7
0.4
-0.1
-0.1
0.0
-0.2
-0.6
-0.2
-0.3
-0.6 -0.9
-0.7
-0.8
-1.1
-1.5
-2.0
-0.2 -0.4
-0.5
-0.1
-0.6
-1.0
0.6
0.1
-2.1
-2.5
-3.0
-2.4
-1.5
-2.3
-2.6
-2.7
-0.8-0.8
-1.9
-3.1
-2.8
-2.7
-3.0 -2.9
-3.5
-4.0
-1.9
-2.1
-3.4
-3.7
-4.4
IPRI
May
April
March
February
December
November
October
IPRIX
2014 January
IPRI+IPRIX
September
August
July
June
May
April
March
February
2013 January
-5.0
IPRIX-IPRIM – MAY 2014 (5/13)
Annual evolution of import prices
The Import Price Index (IPRIM) registered an annual rate of –1.5% in May, nine tenths over
that registered in April.
Annual evolution of the IPRIM
General index
3.0
2.0
1.0
0.0
0.0
-1.0
-0.2
-2.0
-1.5
-1.7
-1.9
-2.2
-3.0
-3.1 -3.0
-4.0
-3.3
-3.0
-3.3
-2.9
-2.4
-2.5 -2.5
-3.0
-3.9
May
April
March
February
2014 January
December
November
October
September
August
July
June
May
April
March
February
2013 January
-5.0
By economic destination of the goods, among the industrial sectors that contributed the most
to the increase in the annual rate of the IPRIM, worth noting:
 Energy (–1.1%), which increased its rate more than three points, mainly due to the
increase in the prices of Extraction of crude petroleum and natural gas, that decreased in
May 2013.
 Intermediate Goods (–2.4%), whose rate increased by four tenths, due to the increase in
the prices of Metallurgy; manufacture of basic iron and steel and of ferro-alloys and Mining of
metal ores, as compared with the price stability registered in May 2013.
In turn, the only sector that registered a decrease in its annual rate is:
 Capital goods, whose rate decreased by three tenths, reaching –1.7%, its lowest value
since the start of the series in January 2006.
IPRIX-IPRIM – MAY 2014 (6/13)
Contribution of the industrial sectors to the annual rate of the IPRIM
Durable consumer goods
0.054
Non-durable consumer goods
0.052
Capital goods
Intermediate goods
-0.064
0.125
Energy
DIFFERENCE IN THE ANNUAL RATE OF THE GENERAL IPRIM
0.783
0.9
A more detailed analysis showed the sectors that registered the greatest increase in their
annual rates. Worth noting:
 Extraction of crude petroleum and natural gas, whose rate increased by almost four
points, reaching –0.6%, due to the increase in the prices of this activity this month, as
compared with the decrease registered in May 2013.
 Manufacture of coke and refined petroleum products, which registered a variation of
–1.8%, one point and a half over that registered in April. This was due to the increase in its
prices this month, as compared with the price stability reflected in 2013.
 Metallurgy; manufacture of basic iron and steel and of ferro-alloys, with a –4.1%
variation rate, more than one point over that registered in the previous month.
 Manufacture of tobacco products, whose rate increased more than seven points,
reaching 5.5%.
In turn, among the sectors that registered a decrease in their annual rates, it is worth noting:
 Manufacture of motor vehicles, trailers and semi-trailers, with an annual variation of
0.4%, that is, two tenths lower than that registered in the previous month. This behaviour was
mainly due to the lowest increase of prices this month, as compared with May 2013.
 Manufacture of food products, whose rate decreased two tenths, reaching –1.2%.
IPRIX-IPRIM – MAY 2014 (7/13)
Monthly evolution of import prices
In May, the monthly variation of the Import Price Index was 0.6%.
Monthly evolution of the IPRIM
General index
1.0
0.6
0.5
0.5
0.4
0.2
0.2
0.2
0.0
-0.3
-0.2
0.0
-0.1
-0.1
-0.2
-0.2
-0.3
-0.5
-1.0
-1.0
-1.1
-1.5
-1.5
May
April
March
February
2014 January
December
November
October
September
August
July
June
May
April
March
February
2013 January
-2.0
By economic destination of the goods, among the industrial sectors with a monthly positive
effect in the general index, worth noting:
 Energy, which registered a variation of 2.0%, and an effect of 0.462, due to the increase in
the prices of Extraction of crude petroleum and natural gas and, to a lesser extent,
Manufacture of coke and refined petroleum products.
 Intermediate goods, whose monthly rate stood at 0.4% and had an effect of 0.101 in the
general IPRIM. This behaviour was due to the increase in the prices of Metallurgy;
manufacture of basic iron and steel and of ferro-alloys and Mining of metal ores.
In turn, the only sector registering a negative effect in the general index was:
 Capital goods, which registered a monthly variation of 0.0% an effect of –0.009.
IPRIX-IPRIM – MAY 2014 (8/13)
A more detailed analysis showed the activities with the greatest effect on the monthly rate of
the IPRIM in May.
Activities with the greatest positive contribution to the monthly rate of the
IPRIM
Activity (CNAE-09)
Extraction of crude petroleum and natural gas
Manufacture of coke and refined petroleum products
Metallurgy; manufacture of basic iron and steel and of
ferro-alloys
Mining of metal ores
Monthly rate
(%)
2.3
1.1
1.2
3.4
Contribution
0.393
0.066
0.049
0.044
Activities with the greatest negative contribution to the monthly rate of the
IPRIM
Activity (CNAE-09)
Manufacture of computer, electronic and optical products
Manufacture of beverages
Manufacture of basic pharmaceutical products and
pharmaceutical preparations
Monthly rate
(%)
–0.4
–1.2
–0.1
Contribution
–0.028
–0.009
–0.007
IPRIX-IPRIM – MAY 2014 (9/13)
Export and Import Price Indices
of Industrial Products. Base 2010
May 2014
Provisional data
1.Export Indices: general index and by economic destination of the goods
Index
Effect
% Variation
Monthly
Year
to date
Annual
Monthly
GENERAL INDEX
103.3
0.6
-1.0
-1.9
Consumer goods
- Durable consumer goods
- Non-durable consumer goods
Capital goods
Intermediate goods
Energy
104.1
96.8
106.5
101.8
105.1
94.3
0.0
0.1
-0.1
0.1
0.3
8.2
-0.7
-1.3
-0.6
-0.7
-0.3
-8.7
-1.8
-3.6
-1.6
-1.4
-2.1
-4.7
Year
to date
-0.009
0.002
-0.012
0.039
0.126
0.398
-0.154
-0.036
-0.119
-0.251
-0.093
-0.494
2. Import Indices: general index and by economic destination of the goods
Index
Effect
% Variation
Monthly
Year
to date
Annual
Monthly
GENERAL INDEX
109.0
0.6
-0.4
-1.5
Consumer goods
- Durable consumer goods
- Non-durable consumer goods
Capital goods
Intermediate goods
Energy
105.6
99.9
107.3
99.7
106.1
130.6
0.2
0.1
0.3
0.0
0.4
2.0
0.1
0.1
0.1
-0.1
0.0
-1.8
-0.9
-2.0
-0.6
-1.7
-2.4
-1.1
Year
to date
0.060
0.008
0.052
-0.009
0.101
0.462
0.017
0.004
0.013
-0.025
0.005
-0.439
3. Indices in aggregates of domestic and international markets
(IPRI+IPRIX): general and by economic destination of the goods
Index
Effect
% Variation
Monthly
Year
to date
Annual
Monthly
GENERAL INDEX
108.7
0.8
-1.1
-0.8
Consumer goods
- Durable consumer goods
- Non-durable consumer goods
Capital goods
Intermediate goods
Energy
106.3
100.7
107.3
101.6
106.2
123.0
0.1
0.1
0.0
0.1
0.1
3.7
-0.1
0.0
-0.1
-0.2
-0.1
-4.9
-0.8
-0.8
-0.8
-0.5
-1.9
0.4
Year
to date
0.014
0.003
0.011
0.015
0.046
0.722
IPRIX-IPRIM - MAY 2014
-0.033
-0.001
-0.032
-0.032
-0.042
-1.019
(10/13)
4. Export indices: general index and by branch of activity (CNAE 2009)
Index
GENERAL INDEX
B. Mining and quarrying industries
Extraction of metallic ores
Other mining and quarrying
C. Manufacture industry
Food industry
Manufacture of beverages
Tobacco industry
Textile industry
Manufacture of garments
Leather and footwear industry
Manufacture of wood and of products of wood and cork, except furniture;
basketmaking and wickerwork
Paper industry
Printing and service activities related to printing
Manufacture of coke and refined petroleum products
Chemical industry
Manufacture of pharmaceutical products
Manufacture of rubber and plastic materials
Manufacture of other non-metallic ore products
Metallurgy; manufacture of basic iron and steel and of ferro-alloy products
Manufacture of metal products, except machinery and equipment
Manufacture of computer, electronic and optical products
Manufacture of electrical material and equipment
Manufacture of machinery and equipment n.e.c.
Manufacture of motor vehicles, trailers and semi-trailers
Manufacture of other transport material
Manufacture of furniture
Other manufacturing industries
Repair and installation of machinery and equipment
D. Supply of electrical energy and gas
Monthly
Annual
% Variationn Effect
% Variation
103.3
131.0
182.7
105.7
104.3
110.0
106.6
111.0
107.6
103.6
109.9
0.6
2.2
6.8
-0.1
0.2
0.014
0.014
0.000
0.177
-1.9
-1.1
-2.9
-0.2
-1.7
-0.2
0.0
0.1
0.0
1.3
-0.1
-0.017
0.001
0.000
0.000
0.006
-0.001
-2.8
-3.1
-3.8
-0.5
-0.4
1.4
107.7
106.3
98.3
119.0
111.1
0.5
-0.3
0.7
0.9
-0.1
0.1
-0.1
0.6
1.5
0.3
-1.5
-0.2
-0.1
0.2
0.0
0.1
-0.3
0.0
34.9
0.004
-0.009
0.003
0.035
-0.011
0.004
-0.004
0.018
0.131
0.015
-0.024
-0.008
-0.006
0.042
0.000
0.000
-0.002
0.000
0.363
0.5
0.0
-1.8
-0.6
-1.1
0.4
-3.4
-0.4
-3.2
-0.1
-14.8
-1.5
-0.4
-1.9
0.0
-0.4
0.1
1.7
-10.2
100.9
106.4
104.6
99.1
102.9
76.0
101.4
104.6
100.8
101.8
103.7
105.1
102.5
50.8
IPRIX-IPRIM - MAY 2014
(11/13)
5. Import indices: general index and by branch of activity (CNAE 2009)
Index
Monthly
% Variation
GENERAL INDEX
B. Mining and quarrying industries
Extraction of anthracite, coal and lignite
Extraction of crude petroleum and natural gas
Extraction of metallic ores
Other mining and quarrying
C. Manufacture industry
Food industry
Manufacture of beverages
Tobacco industry
Textile industry
Manufacture of garments
Leather and footwear industry
Manufacture of wood and of products of wood and cork, except furniture;
basketmaking and wickerwork
Paper industry
Manufacture of coke and refined petroleum products
Chemical industry
Manufacture of pharmaceutical products
Manufacture of rubber and plastic materials
Manufacture of other non-metallic ore products
Metallurgy; manufacture of basic iron and steel and of ferro-alloy products
Manufacture of metal products, except machinery and equipment
Manufacture of computer, electronic and optical products
Manufacture of electrical material and equipment
Manufacture of machinery and equipment n.e.c.
Manufacture of motor vehicles, trailers and semi-trailers
Manufacture of other transport material
Manufacture of furniture
Other manufacturing industries
D. Supply of electrical energy and gas
Annual
Effect
% Variation
109.0
130.1
88.6
135.4
96.7
109.7
105.3
115.7
103.6
121.4
113.9
109.1
110.2
0.6
2.3
-1.3
2.3
3.4
-0.4
0.2
0.430
-0.006
0.393
0.044
-0.001
0.176
-1.5
-1.2
-9.5
-0.6
-5.8
-2.8
-1.6
0.0
-1.2
4.2
0.1
0.6
0.5
0.001
-0.009
0.026
0.001
0.026
0.008
-1.2
-0.3
5.5
-1.0
-0.6
-2.6
109.0
105.4
122.0
111.2
0.5
0.0
1.1
0.0
-0.1
-0.1
0.1
1.2
0.2
-0.4
0.2
-0.1
0.2
0.2
0.1
0.1
29.7
0.003
0.000
0.066
0.003
-0.007
-0.002
0.001
0.049
0.004
-0.028
0.007
-0.006
0.022
0.006
0.001
0.002
0.009
2.5
-1.5
-1.8
-1.4
-1.0
-1.8
-0.4
-4.2
-1.0
-7.8
-1.4
0.0
0.4
2.5
-1.2
-1.9
-2.7
93.7
109.9
106.5
100.4
104.7
89.0
101.9
104.7
101.6
108.9
104.3
103.4
69.0
IPRIX-IPRIM - MAY 2014
(12/13)
6.Indices in aggregates of domestic and international markets
(IPRI+IPRIX): general and by branch of activity (CNAE 2009)
Index
Monthly
% Variation
GENERAL INDEX
B. Mining and quarrying industries
Extraction of anthracite, coal and lignite
Extraction of metallic ores
Other mining and quarrying
C. Manufacture industry
Food industry
Manufacture of beverages
Tobacco industry
Textile industry
Manufacture of garments
Leather and footwear industry
Manufacture of wood and of products of wood and cork, except furniture;
basketmaking and wickerwork
Paper industry
Printing and service activities related to printing
Manufacture of coke and refined petroleum products
Chemical industry
Manufacture of pharmaceutical products
Manufacture of rubber and plastic materials
Manufacture of other non-metallic ore products
Metallurgy; manufacture of basic iron and steel and of ferro-alloy products
Manufacture of metal products, except machinery and equipme
Manufacture of computer, electronic and optical products
Manufacture of electrical material and equipment
Manufacture of machinery and equipment n.e.c.
Manufacture of motor vehicles, trailers and semi-trailers
Manufacture of other transport material
Manufacture of furniture
Other manufacturing industries
Repair and installation of machinery and equipment
D. Supply of electrical energy and gas
E. Supply of water
For further information see INEbase - www.ine.es/en/
Annual
Effect
% Variation
108.7
108.1
111.0
179.6
103.0
106.9
111.6
108.0
115.6
106.7
98.8
107.5
0.8
0.8
0.4
5.3
0.3
0.1
0.1
-0.1
0.0
-0.1
0.0
-0.1
0.007
0.000
0.005
0.002
0.069
0.012
-0.002
0.000
-0.001
0.000
-0.001
-0.8
0.0
3.3
-3.2
0.0
-1.2
-2.3
-0.6
1.2
0.3
-0.8
1.0
104.8
105.1
104.3
127.1
0.2
0.0
0.5
0.0
0.1
0.2
-0.2
0.4
0.9
-0.2
-1.0
-0.1
0.0
0.1
0.2
0.1
0.3
-0.1
6.4
-0.8
0.003
-0.001
0.007
0.001
0.005
0.005
-0.008
0.014
0.046
-0.014
-0.011
-0.003
-0.002
0.009
0.006
0.002
0.002
-0.002
0.729
-0.009
0.3
-0.2
-2.2
-1.1
-0.8
1.0
-1.3
0.1
-3.9
-0.5
-8.2
-1.0
0.3
-1.4
0.0
0.5
0.1
0.5
0.9
2.2
112.3
100.2
107.6
102.5
99.7
101.5
83.5
104.2
103.8
100.9
101.0
103.4
105.0
100.6
120.5
115.5
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IPRIX-IPRIM - MAY 2014
(13/13)